United Technologies Co. (UTX) Releases FY13 Earnings Guidance
United Technologies Co. (UTX) updated its FY13 earnings guidance on Tuesday. The company provided EPS guidance of $5.85-6.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.04. The company issued revenue guidance of $64-65 billion, compared to the consensus revenue estimate of $65.02 billion.
Shares of United Technologies Co. (UTX) traded down 1.21% during mid-day trading on Tuesday, hitting $83.55. United Technologies Co. (UTX) has a 52 week low of $70.71 and a 52 week high of $87.50. The stock’s 50-day moving average is currently $80.. The company has a market cap of $76.577 billion and a P/E ratio of 17.38.
United Technologies last released its earnings data on Tuesday, October 23rd. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.20. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. United Technologies has set its FY12 guidance at $5.25-5.35 EPS. Analysts expect that United Technologies Co. (UTX) will post $5.33 EPS for the current fiscal year.
UTX has been the subject of a number of recent research reports. Analysts at Credit Suisse initiated coverage on shares of United Technologies in a research note to investors on Friday. They set an outperform rating and a $93.00 price target on the stock. On a related note, analysts at Sterne Agee reiterated a buy rating on shares of United Technologies in a research note to investors on Friday. They now have a $99.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a buy rating on shares of United Technologies in a research note to investors on Thursday, January 3rd. They now have a $88.00 price target on the stock.
United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries worldwide.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.